An air traffic controller tells me there is significant confusion about what caused this ground stoppage and what the actual problems are:
- Approx 3:36pm ET, this source received a notice of a frequency issue prompting a ground stop at 1 airport on the East Coast.
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A failed update to the L3Harris-run network that connects US air traffic control facilities caused the nationwide outage, multiple sources tell CBS News.
Mullin: We are able to communicate at certain levels. But but it's overwhelmed. Duffy is doing a phenomenal job in a crisis mode.
Q: Is it going to be days? Weeks?
Mullin: Too early to tell.
Weโve monitored the status of the changes applied to improve serviceability and confirmed they're not taking as expected. Weโre identifying alternate workstreams that can be applied to increase capacity in the face of sustained traffic management imbalances. More info under EX1550543 and MO1550821 in the Microsoft 365 admin center, as well as https://t.co/7pjJdrpwOr if the admin center is not available to you.
New update from Microsoft as 12+ hour outage continues:
"As part of our investigation into the sustained traffic management imbalances, weโre reviewing traffic flows and affected infrastructure to identify opportunities to optimize routing. This includes verifying the reasons for service failures so we can develop specific actions to improve stability."
VineBrook Homes Trust, the nontraded single-family rental home REIT, disclosed that it has $650.8M of debt maturing within a year, and it doesnโt have liquidity to satisfy those obligations.
VineBrook owned about 20,500 single-family rental homes in 21 states as of Sept. 30.
VineBrook plans over the next year to sell about 2,700 homes in its main portfolio for roughly $348M and sell 1,050 homes in its NextPoint Homes portfolio for about $284M.
The REIT sold more than 2,300 homes between its two portfolios during the first nine months of this year, generating about $351M.
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